GoTyme Bank has enabled customers to send money to more than 170 countries and territories directly from its mobile app, expanding its international payments capability through a partnership with Wise Platform.
The feature, called Send Money Abroad, allows users to transfer funds in eight currencies, including US dollar, euro, British pound, Japanese yen, Singapore dollar, and others. Transfers are processed through Wise’s infrastructure, which uses mid-market exchange rates and shows fees upfront, giving users a clearer view of the total cost and the exact amount recipients will receive.
Since GoTyme Bank integrated Wise Platform last year, the bank said usage of its international payments service has increased by more than 85% in unique users, indicating stronger demand for cheaper and more transparent cross-border transfers among Filipino customers.
“As our customers become increasingly global in how they live, work, study, and support their families, international banking needs are evolving alongside them,” said Shern Teo, chief strategy & proposition officer at GoTyme Bank. “Send Money Abroad is part of our broader commitment to making global financial services more accessible and integrated into the everyday banking experience, allowing customers to manage both local and international transactions seamlessly within one app.”
“This launch reflects GoTyme Bank’s commitment to responding to the growing urgency for faster, more transparent and more affordable cross-border payments across the region,” said Samarth Bansal, general manager at Wise Platform, APAC. “As the first bank in the Philippines to allow customers to send transparent international payments at the mid-market exchange rate, GoTyme is delivering the experience that customers expect.”
The service allows transfers to be completed in minutes, with real-time tracking from initiation to delivery. Users do not need a separate dollar account to send money abroad, simplifying access for everyday banking customers.
The feature also supports foreign nationals living in the Philippines, who can open an account digitally and send money to their home countries.